Then when your promotion rate is expiring, you move the remaining balance into a lower interest option.

that 1. the magnitude of a typical down payment + closing costs gets underestimated, and 2. the amount of true, net cash flow in the first few years of ownership gets overestimated (as it's typically zero, or negative.)Does that help?

Because I have kids, having roommates in my own unit isn’t an option, so I’m planning to live in one unit and rent out the others (or possibly buy out-of-state if that ends up being the better route). 

It has been running as a short term rental and is under water and I can not afford to hold it.Anyone willing to help me figure out options to sell or give up this property so I can start rebuilding my finances?

I am all for helping out a new Investor, but what you're sharing is concerning.

You also give up the option of selling with the owner occupied tax exempt if they are rentals before they are your primary home.

(Heaven help you if it's a jury trial), you are the big bad investor that took advantage of the seller using superior knowledge. 

I mostly need help with updating my accounting software and also reaching out to leads.

Even if you start by buying in your own name and later transfer ownership to your LLC, the structure will help you stay organized and better prepared for financing future investments.Remember: real estate investing isn’t just about buying properties — it’s about building long-term wealth, creating options, and developing the confidence to manage your own portfolio.

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